Norway SWF Says Adding $86 Billion in Properties May Be Best
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The world’s biggest wealth fund says the optimal level of property investments may mean putting another $86 billion into real estate, singling out Asia as a hot-spot for growth.
Norway’s $860 billion fund, whose mandate is set by the government, was in 2010 allowed to invest 5 percent in the property market and is now studying whether it should add more to its portfolio. It has snapped up properties in New York, Paris, London and Berlin, among other cities, and is targeting Tokyo and Singapore.